Bostik Acquires Flooring Preparation Business

Arkema has announced the acquisition by Bostik of CMP Specialty Products, the flooring and floor preparation business of U.S.-based specialist CGM. This business, which generated $15 million sales in 2016, offers synergies with Bostik. This acquisition fits with Bostik’s strategy to expand in the growing U.S. construction market and to offer its customers a complete range of solutions for the flooring market. This acquisition is also fully part of the group strategy to accelerate its growth in specialty adhesives with bolt-on acquisitions. 

Based outside of Philadelphia, CMP’s floor preparation systems products offer a range of flooring surface preparation repair patches, leveling compounds and primers for commercial and residential flooring applications. These products will enable Bostik to accelerate its development in the fast-growing floor preparation market. 

“We are very pleased to welcome the CMP Specialty Products teams. This acquisition will support our strategy to provide our customers with the most innovative flooring systems. CMP teams will bring their recognized expertise within the commercial flooring sector with high-quality and highly performing products. We look forward to leveraging this expertise to better serve our customers within the U.S. market,” says Vincent Legros, Bostik executive vice president.

Following the acquisition last December of Den Braven, a provider of sealants, Arkema confirms with this new transaction its strategy to actively pursue the development of Bostik, which is one of the core elements of its long-term growth.

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